Economist

Description

• The purpose of the position is to assist the Manager: Financial Stability in monitoring, analysis and researching issues related to overall risk based rating in respect of systemic risk and risk assessment of regulated entities
• Further, it involves the formulation and guidance in monitoring industry developments on non-banking financial sector
• DIVISION: RESEARCH, POLICY & STATISTICS
• THE POSITION REPORTS TO THE MANAGER: FINANCIAL STABILITY

Duties

• Participate in collecting, collating and analyzing data and research information to monitor and assess emerging trends in the financial sector that NAMFISA regulates and supervise
• Ensure that such data is received on time and is correct for publication i.e., involves checking, editing, processing and compiling
• Participate in the assessment of laws for weaknesses or gaps by identifying all relevant or applicable laws and summarizing the pertinent provisions
• Assist and participate in the review and drafting of policy, prudential standards and regulations under the proposed FIM Bill.
• Assist in terms of analytical tools focused on developing statistical and stress-testing models, inclusive of data requirements
• Regularly contribute to the preparation of the CISNA report, IOPS and OECD submissions by collecting, collating and analyzing nonbanking financial sector
• Assist and participate in the preparation of position papers on regulatory and supervisory policy issues in order to keep the Authority informed of these developments
• Participate in conducting research on topics relevant to the regulatory and supervisory mandate of NAMFISA in order to enhance the risk-based supervisory framework
• Participate in monitoring and analyzing trends and developments in the financial markets at national and global level with a view to identifying key risks and vulnerabilities in the financial system, in particular the Non-bank financial sector
• Assist in the preparation and drafting of speeches and presentations related to risk in the regulated entities
• Provide information/input into enquiries or requests related to the non-banking financial sector and other relevant matters
• Assist and participate in formulating legislative amendments, including participation in drafting and reviewing prudential standards and regulations

Requisites

• Qualifications and Experience:
• A Bachelor’s degree in a relevant subject (Economics, Finance, Statistics, Econometric modelling, Risk management, Quantitative/Mathematical modelling
• AND
• A minimum of 5 years’ experience within the financial sector OR
• Significant exposure to at least one or more of the following industries: Pension Funds, Long and Short-Term Insurance, Medical Aid Funds, Investment management or micro-lending
• Knowledge of:
• NAMFISA’s mission, objectives, functions, processes and systems
• Knowledge of relevant legislation
• Industry business knowledge and understanding
• Up to date with industry trends and legislative environment
• Understanding and interpretation of laws
• Risk assessment knowledge and understanding
• Economic environment
• Analytical tools and methods
• Policy design, implementation and monitoring
• International developments in financial services regulation including Basell III and Solvency II
• Skills:
• Good verbal and written communication skills
• Computer literacy skills (MS Office)
• Regulatory skills
• Interpersonal skills
• Decision-making skills
• Interviewing skills
• Problem solving skills
• Planning skills
• Networking skills
• Report-writing skills
• Research and Analytical skills
• Presentation skills

Notes

• Only shortlisted applicants will be contacted
• Remuneration: NAMFISA offers a market-related total cost to company package based on work experience and qualifications
• The package includes retirement and medical aid benefits
• ONLY persons with disabilities may apply via the National Disability as follows: Ms. M. Katjinamunene – magdelena.katjinamunene@mgepesw.gov.na OR Ms. M. Ndengu – maria.ndengu@mgepesw.gov.na
• As per Affirmative Action (Employment) Act, Act 29 of 1998, Namibian Citizens from disadvantaged groups and persons living with disabilities will receive preferential treatment and are encouraged to apply
• Please note that certified copies of qualifications and identification documents should be attached to your application
• No faxed applications will be accepted
• NAMFISA reserves the right not to make an appointment in this position
• We encourage energetic, dynamic and results-driven team players to forward their applications

How to Apply

1. Documentation

• Cover Letter
• Curriculum Vitae
• Certified Copies of Qualifications
• Certified Copies of Identification Documents

2. Application

• Send your Documentation to Human Resources at hr@namfisa.com.na with the Subject line “Economist”
• Indicate the source of this job post: working.co.na